July 19 (Reuters) – Indian energy equipment maker Bharat Heavy Electricals (BHEL.BO) said on Monday it got an order worth 26.65 billion rupees ($567 million) for setting up a 1,200 megawatts thermal power plant from Dainik Bhaskar Power Ltd. ($1=47 rupees) (Reporting by Pratish Narayanan)
REFILE-UPDATE 1-John Lewis sales get Father’s Day fillip
June 26, 2010 By Leave a Comment
LONDON, June 25 (Reuters) – British retailer John Lewis [JLP.UL] posted another week of double-digit sales growth with trade boosted by shoppers splashing out on gifts for Father’s Day.
The employee-owned firm, traditionally seen as a bellwether of the UK retail sector, but which has outperformed competitors for over a year, said sales at its 28 department stores and one “at home” store increased 13.0 percent to 52.5 million pounds ($78.59 million) in the week to June 19.
Fashion sales rose 15.3 percent, with homewares sales up 14.1 percent and sales in the electricals and home technology category up 7.9 percent.
“Two key factors played a part last week: Father’s Day and matching our competitors’ sales under (the) ‘Never Knowingly Undersold’ (pledge),” said Nat Wakely, director, selling operations
UK retailers are generally emerging from a deep recession but fear steps, such as higher taxes, to rein in a record government deficit will hit spending in the months ahead.
John Lewis also owns the 228-store Waitrose supermarket chain, where week to June 19 sales rose 10.7 percent to 97.3 million pounds, underscoring its status as one of the UK’s fastest growing grocers. [ID:nLDE65L0MX] [ID:nLDE65K2BW]
Waitrose said the increase was driven by shoppers dining at home during the World Cup, as well as the continuing ‘Delia effect’ — recipe promotions featuring celebrity chef Delia Smith. ($1=.6680 Pound) (Reporting by James Davey; editing by Simon Jessop)
Research and Markets: Household Appliances Sales via Key Retail Formats in Saudi Arabia to 2013
May 31, 2010 By Leave a Comment
DUBLIN–(Business Wire)–
Research and Markets
(http://www.researchandmarkets.com/research/4cf436/household_applianc) has
announced the addition of the “Household Appliances Sales via Key Retail Formats
in Saudi Arabia to 2013″ report to their offering.
The ‘Household Appliances Sales via Key Retail Formats in Saudi Arabia to 2013′
databook provides market value data for two key market segments and eight key
retail distribution channels. It focuses on data and analysis of market revenues
and segmentation. It also provides historic and forecast data, as well as a
comparison against the top five countries in the market.
Scope:
* Household appliances retail sales revenues and analysis from 2003 to 2008 and
forecast values up to 2013.
* Market value of categories which include major household appliances and minor
household appliances
* Current and forecast analysis of sales via major retail channels in the
household appliances industry as well as its sub-categories
Highlights of this title:
Household appliances retail sales in Saudi Arabia increased at a compound annual
growth rate of 6.7% between 2003 and 2008.
Major household appliances sales led the household appliances market with a
share of 88.1% in 2008. Specialist electricals and electronics retailers were
the leading retail format for major household appliances in 2008.
Key reasons to purchase this title:
* Design effective marketing and sales strategies by identifying the key growth
categories and retail formats in terms of sales
* Develop business strategies by understanding the quantitative trends within
the household appliances market in Saudi Arabia
* Understand the future direction of the market with reliable historical data
and full five year forecasting
Key Topics Covered:
DATAMONITOR VIEW
* Catalyst
* Summary
* Methodology
HOUSEHOLD APPLIANCES RETAIL SALES OVERVIEW
* Household appliances retail market definition
* Household appliances sales overview
* Household appliances retail sales value, 2003-08
* Household appliances retail sales value, 2008-13
HOUSEHOLD APPLIANCES MARKET SEGMENTATION
* Market sales analysis by category, 2003-08
* Market sales analysis by category, 2008-13
HOUSEHOLD APPLIANCES SALES ANALYSIS BY KEY RETAIL FORMATS
* Retail format definitions
* Household appliances sales analysis by key retail formats, overview
* Household appliances sales analysis by key retail formats actuals, 2003-08
* Household appliances sales analysis by key retail formats forecast, 2008-13
MAJOR DOMESTIC APPLIANCES SALES ANALYSIS BY KEY RETAIL FORMATS
* Major domestic appliances sales analysis by key retail formats, overview
* Major domestic appliances sales analysis by key retail formats actuals,
2003-08
* Major domestic appliances sales analysis by key retail formats forecast,
2008-13
MINOR DOMESTIC APPLIANCES SALES ANALYSIS BY KEY RETAIL FORMATS
* Minor domestic appliances sales analysis by key retail formats, overview
* Minor domestic appliances sales analysis by key retail formats actuals,
2003-08
* Minor domestic appliances sales analysis by key retail formats forecast,
2008-13
HOUSEHOLD APPLIANCES RETAIL SALES – COUNTRY COMPARISON
* Household appliances retail sales value of top five countries, 2003-13
APPENDIX
* Methodology
* Related research
* Datamonitor consulting
* Disclaimer
For more information visit
http://www.researchandmarkets.com/research/4cf436/household_applianc
Source: Datamonitor
Research and Markets
Laura Wood, Senior Manager,
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Copyright Business Wire 2010
BHEL’s boiler auxiliaries plant achieves record turnover in 2008-09!
April 6, 2009 By Leave a Comment
In a press release on Sunday, the state-run Power equipment maker Bharat Heavy Electricals Ltd (BHEL) announced that the annual 2008-09 turnover figures of its boiler auxiliaries plant marked a record high of Rs. 2,000 crore!
The turnover for exports also showed an increase of 40 per cent, as compared to the year-before figures, yielding Rs. 28 crore for the year on the whole. In case of the value addition per employee also, the figures depict a year-on-year increase of 19 percent to Rs. 19.79 lakh.
As per the release, the plant’s profit before tax (PBT) during the fiscal stood at Rs. 253 crore; and its dispatches, which were 30 percent more than the earlier year, were 1.9 lakh metric tones.
In all, during the fiscal, the plant managed to achieve a 26 percent growth rate, with the company receiving orders worth about Rs. 3,700 crore. The figures related to total outstanding orders stood at a value of nearly Rs. 6,500 crore.
The noteworthy figures for the fiscal indicate that the financial conditions pertaining to the global recession notwithstanding, BHEL has managed to reach to record figures and achieve new heights in all spheres – including production; introduction of new technologies; cash collections; product developments; and process enhancements!
BHEL mulls Rs.480 crore third phase expansion
April 3, 2009 By Leave a Comment
Tiruchirappalli (Tamil Nadu), April 3 (IANS) The Rs.27,500-crore power equipment major Bharat Heavy Electricals (BHEL) plans to further expand its boiler plant facility here on an outlay of Rs.480 crore, a top company official said Friday.
The state-run company has already spent Rs.190 crore in the first phase of expansion and the Rs.732-crore second phase is now under implementation.
‘When the total expansion is completed by 2012, the plant capacity will increase to 20,000 MW in line with the corporate’s goal,’ BHEL executive director V. Ananthakrishnan told reporters here, some 330 km from Chennai.
According to him, the company’s board will take a decision on the third phase expansion within a month.
In the third phase, BHEL is planning to set up a Rs.250-crore boiler component plant on 40 acres in Tirumayam near here.
In addition to the third phase expansion, the company is planning to invest Rs.362 crore to increase the manufacturing capacity of its seamless steel tube plant and set up a coal research centre.
Converting the Welding Research Institute here into a Centre of Excellence for Advanced Fabrication Technology is also on cards, Ananthakrishnan said.
He added that the boiler division contributed Rs.74.13 billion to the company’s turnover last fiscal, up from Rs.55.54 billion posted in 2007-08.
‘The boiler division’s total order book position is Rs.27,100 crore. In 2008-09, we got orders worth Rs.155,00 crore,’ Ananthakrishnan said.
‘We got orders for 48 utility boilers, which include eight 60-MW boilers and 13 500-MW boilers, besides two 800-MW super critical boilers,’ he added
BHEL 08/09 net up 6 pct, sees strong orders
April 3, 2009 By Leave a Comment
Bharat Heavy Electricals on Thursday reported a lower-than-expected 6 percent provisional rise in profit for 2008/09, and remained upbeat on future orders despite the economic slowdown.
State-run BHEL, India’s top power equipment maker, said it had 1.17 trillion rupees ($23 billion) of orders on its books as at March 31, the end of the 2008/09 fiscal year.
Chairman K. Ravi Kumar expected about 500 billion rupees of new orders during 2009/10, which he said would help BHEL achieve sales growth of 20-25 percent.
“We have enough orders. I don’t think there will be any slowdown as far as the company is concerned,” he told reporters.
India’s economic growth for 2008/09 will print below 7 percent, and a similar growth rate was expected in 2009/10, Prime Minister Manmohan Singh said on Wednesday. The economy had grown at or above 9 percent for the previous three fiscal years.
BHEL said its provisional net profit for 2008/09 rose 6.3 percent to 30.39 billion rupees from 28.59 billion, with revenue rising 28.5 percent to 275.05 billion rupees from 214.01 billion.
Analysts polled by Reuters Estimates had expected net profit of 31.56 billion rupees on revenue of 253.2 billion rupees.
Provisions of 17.28 billion rupees for a pending wage rise backdated to January 2007 had weighed on profit, but Kumar said with normal wage growth expected this year he hoped net profit would to rise.
“Profit will go up because we have provided everything this year,” he said.
BHEL will invest 10 billion rupees to expand a plant in north India for a forging venture with the UK’s Sheffield Forgemasters, Kumar said, adding the company was also talking to a couple of firms from Europe and Japan for a possible transmission venture.
Shares in BHEL, which has a market value of nearly $15 billion, rose 4.1 percent to 1,531.85 rupees in a Mumbai market that gained 4.5 percent. The shares have risen 12.4 percent this year, compared with a 7.3 percent rise in the broader market.